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Australia Building Permits Surge 15.2% In November
(RTTNews) - The total number of building permits issued in Australia in was up a seasonally adjusted 15.2 percent on month in November, the Australian Bureau of Statistics said on Wednesday - coming in at 18,406.
That beat expectations for an increase of 2.0 percent following the 6.1 percent contraction in October.
On a yearly basis, building permits jumped 20.2 percent after slipping 2.2 percent in the previous month.
Approvals for private sector houses rose 1.3 percent on month and 3.2 percent on year to 9.458, while approvals for private sector dwellings excluding houses surged 34.1 percent on month and 55.3 percent on year.
The value of total building work approved rose 12.8 percent to A$18.38 billion, after a 1.8 percent October fall.
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